For Sale
$2,750,000

401 Foothill Blvd Pomona, CA 91767

High-yield restaurant, 11.4 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a freestanding restaurant building in Pomona, CA, boasting a 5,755 square foot space on a substantial 1.019-acre lot. The property features a strong, long-term absolute NNN lease with a corporate guarantee, providing significant stability and consistent income. The current lease, expiring April 30, 2036, includes a remaining term of approximately 11.4 years, with built-in 2% annual rent increases, ensuring consistent income growth. The property's Net Operating Income (NOI) is $144,000, yielding a 5.24% cap rate at an asking price of $2,750,000. Built in 1976 and renovated in 2021, the single-story building sits on a highly visible corner lot at a signalized intersection on busy Foothill Boulevard. The expansive lot size presents significant redevelopment potential. The property's CG zoning permits high-density residential development (up to 40 units per acre), offering substantial future development opportunities beyond the existing restaurant. The lease includes a 5 + 5 year option. All information should be verified with the City of Pomona.

Highlights

  • Absolute NNN lease with corporate guarantee, providing long-term stability through 2036.
  • 2% annual rent increases built into the lease.
  • Large 1.019-acre lot offers redevelopment or expansion potential.
  • High-density residential zoning (40 units/acre) allows for significant future development.

Property Details for 401 Foothill Blvd

Property type
Retail properties, Restaurants
Square Feet
5,755 SF
Year Built/Renovated
1976/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
44,388 SF

Location Insight

City
Pomona
County
Los Angeles
State
California
Latitude
34.107488
Longitude
-117.7418537

FAQs

What type of property is this?
Retail property - High-yield restaurant, 11.4 years remaining.
Where is the retail property located?
The property is located at 401 Foothill Blvd Pomona, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Absolute NNN lease with corporate guarantee, providing long-term stability through 2036.; 2% annual rent increases built into the lease.; Large 1.019-acre lot offers redevelopment or expansion potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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401 Foothill Blvd
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